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juan alderete
Lives in Madison, WI
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juan alderete

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In her debut appearance today at a Senate Banking Committee hearing, Sen. Elizabeth Warren from Massachusetts made federal regulators uncomfortable when she asked a simple question: When was the last time you took a big Wall Street bank all the way to trial?

Masslive.com reports:

"Elisse B. Walter, chair of the SEC, said that although they can take financial institutions to trial, they typically do not go that route.
"'As you know, among our remedies are penalties but the penalties we can get are limited,' Walter said. 'When we look at these issues, and we truly believe we have a very vigorous enforcement program, we look at the distinction between what we could get if we go to trial and what we could get if we don't.'"
"We have not had to do it as a practical matter to achieve our supervisory goals," Thomas Curry, the Comptroller of the Currency, which regulates national banks, added.

Warren said that she was worried that banks are simply paying fines from the profits they earned breaking regulatory rules.

"I want to note that there are district attorneys and U.S. attorneys who are out there everyday squeezing ordinary citizens on sometimes very thin grounds and taking them to trial to 'make an example,' as they put it," Warren said. "I am really concerned that too-big-to-fail has become too-big-for-trial."

Warren is not the first to express concern that the SEC is settling too many cases before going to trial.

U.S. District Judge Jed S. Rakoff, based out of Manhattan, has thrown out two huge settlements between the SEC and Citigroup and the SEC and Bank of America.

Rakoff has argued that settling without a trial was not in the public interest. The SEC, he said, "has a duty, inherent in its statutory mission, to see that the truth emerges." And that means taking some cases to trial.
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峰李's profile photoBill Ritzmann's profile photo
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I hope Sen. Warren simply bears in mind that there are no guaranteed outcomes in trial and it'd sure suck for taxpayers to lose.
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juan alderete

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I dont know why i find this so damn beautiful.
 
Nature Photo of the Week: Giraffe Love
@ Flickr user: nhpanda (still trying to catch up….)

Published on 1/18/13, Cool Green Science Blog
http://nature.ly/VOq3t7
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Julian Garcia's profile photo
 
Because it is. Thanks.
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juan alderete

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thank u for sharing this!!!
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juan alderete

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REAL GAINS IN STOCK MARKET 1929-2011: Under Dem presidents (300%); Under GOP presidents (ZERO)
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peter wisneski's profile photoEnrique Romero's profile photo
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this is irrelevant as the house of Representatives control govt. spending so the party that controls the house is to thank for a good economy the president has no power he just signs bills oriinated in the house, approved by the house then approved by the senate. you need to look at who controlled the house when the economy was good i don't think you would like what you find.
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juan alderete

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There's a basic lack of understanding -- not to mention contempt and cluelessness -- about evolution here. And it's absolutely shocking:
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Vy Nguyen's profile photo
 
When concepts are difficult to understand, don't educate yourself - throw it out and replace it with ideology! headdesk
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What should President Obama’s foreign policy plan look like in his second term? Read the new “Big Bets & Black Swans” briefing from Brookings Foreign Policy experts: http://bit.ly/13E57Yv 
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juan alderete's profile photoPatrick Borghese's profile photo
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That's what the left wants, why don't you look at what the right wants. It will make you sick.
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Tonight's final presidential debate will include a focus on foreign policy. Here's a list of new and upcoming books on foreign policy that would fit well on any presidential reading list.
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juan alderete

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#replacementrefs   #labor   #NFL   #greed  
Referencing Goodell's aforementioned other actions as commissioner, the NFLPA issued a letter after Week 2 to the owners to end the dispute, saying:
" It is lost on us as to how you allow a Commissioner to cavalierly issue suspensions and fines in the name of player health and safety yet permit the wholesale removal of the officials that you trained and entrusted to maintain that very health and safety. It has been reported that the two sides are apart by approximately $60,000 per team. We note that your Commissioner has fined an individual player as much in the name of "safety." Your actions are looking more and more like simple greed. As players, we see this game as more than the "product" you reference at times. You cannot simply switch to a group of cheaper officials and fulfill your legal, moral, and duty obligations to us and our fans. You need to end the lockout and bring back the officials immediately.[37] "

" During the regular season, the National Football League itself expects to take in about $9.5 billion. "
http://www.usatoday.com/money/economy/story/2011-09-11/nfl-economy/50339734/1
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These replacement refs need to go. #GreenBayPackers
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In his circles
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Currently
Madison, WI
Previously
Valladolid, Yucatan, Mexico